The typical owner-occupied home in Spragueville is worth about $109,400, 47% below the Iowa median of $208,000 and 67% below the national median of $332,700. Owners pay a median $933 a year in property taxes, about 0.85% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $77,500 a year, so the median home costs 1.4 times the median income (2.8 times for Iowa). 75% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Spragueville at a glance
| Spragueville | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $109,400 | $208,000 | $332,700 |
| Median property tax paid per year | $933 | $2,897 | $3,119 |
| Property tax as a share of value | 0.85% | 1.39% | 0.94% |
| Median household income | $77,500 | $75,059 | $80,734 |
| Homes lived in by their owners | 75% | 72% | 65% |
| Owner homes with a mortgage | 67% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,056 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 13.1% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 0.0% | 8.5% | 10.1% |
| Population | 90 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Spragueville
At this week's average 30-year rate of 7.11%, buying the median Spragueville home of $109,400 with 20% down costs about $712 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $894, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $30,507 for the 20%-down payment. That payment is 11% of the median Spragueville household income of $77,500; at that income and 20% down, the 28% guideline points to a home of about $278,000.
| Down payment | $21,880 |
|---|---|
| Loan amount | $87,520 |
| Principal and interest | $589 |
| Property taxes (0.85% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $712 |
Change the numbers in the calculator
| Down payment | $3,829 |
|---|---|
| Loan amount | $107,418 |
| Principal and interest | $723 |
| Property taxes (0.85% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $48 |
| Total per month | $894 |
Change the numbers in the calculator
Questions about home buying in Spragueville
What is the median home value in Spragueville?
About $109,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Spragueville?
Homeowners pay a median $933 a year, which is about 0.85% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Spragueville?
For the median home with 20% down at 7.11%, the payment is about $712 a month. Keeping that under 28% of gross income takes about $30,507 a year.
More about Spragueville
- Mortgage Refinance in Spragueville
- Debt Relief in Spragueville
- Home Equity Loans in Spragueville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data